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Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
Computations for Basic and Diluted Earnings Per Share

The computations for basic and diluted earnings per share for the years ended December 31, 2022, 2021 and 2020 are as follows:

 

(shares in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

2022

 

 

 

2021

 

 

 

2020

 

Net income (loss)

 

$

(34,055

)

 

$

49,432

 

 

$

66,103

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding — basic

 

 

66,051

 

 

 

65,587

 

 

 

64,743

 

Effect of stock options and restricted stock units

 

 

 

 

 

714

 

 

 

1,129

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding — diluted

 

 

66,051

 

 

 

66,301

 

 

 

65,872

 

 

 

 

 

 

 

 

 

 

 

Earnings per share — basic

 

$

(0.52

)

 

$

0.75

 

 

$

1.02

 

Earnings per share — diluted

 

$

(0.52

)

 

$

0.75

 

 

$

1.00